Economic and Finance Shake-up on China’s Central Committee Heralds New Era in Face of Global Uncertainty (SCMP)

  • The 20th party congress adopted development security, tech self-reliance and common prosperity as new overriding guidelines. Reshuffle follows Central Committee retirements, banking crises and Xi Jinping’s anti-corruption campaign but scope of changes prompts uncertainty.
  • Vice-Premier Liu He, President Xi Jinping’s top economic adviser and chief trade negotiator with the United States and the European Union, has moved out of the Central Committee…
  • The retirement of the 71-year-old – who helped draft China’s economic structural reform, de-risking and innovation policies over the past 10 years – has long been expected because of the party’s unofficial age limit of 68, but there is speculation he may be retained as a special adviser in another capacity.Liu’s aides on trade negotiations and the Central Economic and Financial Affairs Commission, including 59-year-old Han Wenxiu, 56-year-old deputy commerce minister Wang Shouwen and 58-year-old Han Jun, governor of northeast China’s Jilin province, were elevated to the Central Committee for the first time. READ MORE

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